A Live Event refers to a real-time streaming activity that takes place on a digital platform, allowing viewers to watch the event as it happens. In the context of TeamTV, when a live event is created, a destination named 'SportingEvent:Video' is automatically generated and associated with the event. This destination serves as the storage location for the livestream of the event, eliminating the need for users to manually upload the stream.

It is important to note that during a live event, the resolution of the stream should not be changed, even during breaks or halftime. Altering the stream resolution during the event can result in the video becoming unavailable for viewers.